Fixed Deposit Interest Rates in Nepal
As of Asar 2083 (June 2026), fixed deposit interest rates in Nepal range from about 2.75% to 4.5% per year at commercial banks, and up to roughly 6.65% at finance companies, depending on tenure. The highest 1-year commercial-bank FD is Laxmi Sunrise Bank at 4.0% (set within Nepal Rastra Bank's framework).
- Range today: commercial banks ≈ 2.75%–4.5%; finance companies up to ≈ 6.65% (Asar 2083).
- Highest 1-year commercial FD: Laxmi Sunrise Bank — 4.0%.
- Longer tenures pay more: 3-year FDs reach 5.5% at some commercial banks (Machhapuchchhre).
- Finance companies pay higher than commercial banks — but weigh deposit insurance and risk.
- Senior citizens usually get an extra 0.5%–1%; FD interest has a 5% TDS.
Byajdar tracks fixed deposit (मुद्दती निक्षेप / muddati nikshep) rates for 46 banks and finance companies every day, sourced directly from each institution and Nepal Rastra Bank — not copied from other aggregators. Below is a live, dated snapshot you can act on, followed by exactly how FD interest, tax, and penalties work in Nepal.
What is the fixed deposit interest rate in Nepal right now?
The table below shows individual FD interest rates at major Nepali commercial banks by tenure, recorded on 19 June 2026 (Asar 2083). Rates are sorted by the 1-year rate; "—" means the bank had not published a rate for that tenure on this date.
| Bank | 3 mo | 6 mo | 1 yr | 2 yr | 3 yr |
|---|---|---|---|---|---|
| Laxmi Sunrise Bank | 3.80% | 3.90% | 4.00% | 4.50% | — |
| Rastriya Banijya Bank | 3.50% | — | 4.00% | 4.50% | 4.75% |
| Global IME Bank | 2.85% | 3.00% | 3.25% | 4.25% | 4.50% |
| NABIL Bank | 2.80% | 2.85% | 3.00% | — | — |
| Siddhartha Bank | — | — | 3.00% | 4.05% | — |
| Prime Commercial Bank | 2.80% | 2.90% | 3.00% | 4.00% | 4.00% |
| Sanima Bank | 2.80% | 2.75% | 2.85% | 2.85% | 3.01% |
| Kumari Bank | — | 2.75% | 2.80% | 3.91% | — |
| Nepal Bank Limited | — | 2.75% | 2.76% | 4.30% | — |
| NMB Bank | 2.76% | — | 2.76% | 2.75% | — |
| Himalayan Bank | 2.80% | 2.75% | 2.76% | 3.25% | — |
| Nepal SBI Bank | 2.82% | 2.75% | 2.75% | 2.75% | 2.75% |
| Machhapuchchhre Bank | 3.76% | 4.00% | — | 3.00% | 5.50% |
Source: Byajdar daily collection from official bank websites & Nepal Rastra Bank · 19 June 2026 (Asar 2083). Rates change frequently — see the live best FD rates table for today's figures across all 46 institutions.
Which bank has the highest FD interest rate in Nepal?
Among commercial (Class A) banks, Laxmi Sunrise Bank offers the highest 1-year fixed deposit at 4.0% (Asar 2083), tied with Rastriya Banijya Bank. For longer money, Machhapuchchhre Bank reaches 5.5% on a 3-year FD.
If you look across all licensed institutions, finance companies (Class C) pay more: Janaki Finance quotes about 6.65% for a 1-year FD and Nepal Finance about 5.5%. The trade-off is risk — see the next section.
Compare every 1-year FD rate → · Best 3-year FD rates →
Why do finance companies offer higher FD rates than banks?
Nepal Rastra Bank licenses institutions in classes: A (commercial banks), B (development banks), and C (finance companies). Smaller, lower-class institutions typically offer higher FD rates to attract deposits. As a rule of thumb, a 1-year FD that pays ~3–4% at a big commercial bank may pay ~5–7% at a finance company.
Higher rate means higher risk. Weigh the institution's size, NRB rating, and the Deposit and Credit Guarantee Fund coverage before chasing the top number. For most savers, splitting funds across a strong commercial bank and a well-rated finance company balances yield and safety.
How is fixed deposit interest calculated in Nepal?
A fixed deposit pays a fixed annual rate on your principal for a fixed term. Interest is typically paid monthly, quarterly, or at maturity, and is calculated on the deposited amount at the quoted per-annum rate.
Simple example: NPR 500,000 in a 1-year FD at 4.0% earns NPR 20,000 in gross interest for the year. After 5% tax at source, you receive about NPR 19,000. If interest is reinvested (compounded), the effective return is slightly higher.
To model your own deposit, use the Byajdar FD calculator — enter amount, rate, and tenure for the maturity value.
Is FD interest taxed in Nepal?
Yes. Under Nepal's Income Tax Act, banks deduct 5% tax at source (TDS) on fixed deposit interest for resident individuals before crediting it to your account. For a 4% FD, your effective post-tax return is about 3.8%. Treatment can differ for institutions and non-residents, so confirm with your bank or a tax advisor.
What is the minimum amount and tenure for a fixed deposit?
Most Nepali banks open a fixed deposit from about NPR 10,000 (some products start at NPR 1,000), with tenures from 3 months up to 5 years or more. The minimum balance, available tenures, and payout frequency vary by bank and FD product.
Do senior citizens get higher FD rates?
Yes — many banks add 0.5% to 1% over the standard rate for depositors aged 60 and above. Several banks also run remittance FDs (for inward-remittance recipients) with a similar premium. These extras are not always shown in headline tables, so ask the bank directly.
What happens if I withdraw an FD early?
Premature withdrawal in Nepal usually means you earn a penalised interest rate — commonly the rate for the period actually completed, reduced by about 1–2% — and some banks add a flat charge. The exact penalty is written in your FD agreement, so check it before locking in funds you might need.
What is a fixed deposit (FD)?
A fixed deposit (मुद्दती निक्षेप) is a deposit account where you lock a sum of money with a bank for a set period at a guaranteed interest rate. In return for not withdrawing early, you earn a higher rate than a regular savings account. FDs are among the safest investments in Nepal because the rate and maturity value are fixed in advance.
FD rates move with Nepal Rastra Bank's monetary policy and market liquidity. When NRB tightens policy or banks need deposits, FD rates rise; when liquidity is ample, they fall. That is why a daily-updated, sourced comparison — like Byajdar's — matters more than a static list.
FD vs savings account: which earns more?
A fixed deposit almost always pays more than a savings account because your money is locked in. In Nepal, normal savings rates sit around 2.75%, while a 1-year FD pays up to ~4% at commercial banks. If you can spare the money for the term, an FD wins; if you need flexibility, see the best savings rates instead.
See today's best FD rates →Frequently asked questions
- What is the fixed deposit interest rate in Nepal right now?
- As of Asar 2083 (June 2026), commercial-bank FD rates run about 2.75%–4.5% per year by tenure, while finance companies offer up to ~6.65%. Rates are set by each bank within NRB's framework and change frequently.
- Which bank gives the highest fixed deposit rate in Nepal?
- Laxmi Sunrise Bank leads commercial banks at 4.0% for a 1-year FD (Asar 2083). Across all institutions, finance companies such as Janaki Finance offer higher rates (~6.65%) with different risk.
- How much is the tax on FD interest in Nepal?
- Banks deduct 5% TDS on FD interest for resident individuals before crediting it. A 4% FD therefore returns roughly 3.8% after tax.
- What is the minimum amount for a fixed deposit in Nepal?
- Typically NPR 10,000, though some banks start from NPR 1,000. Tenures range from 3 months to 5+ years.
- Do senior citizens get extra FD interest?
- Yes — usually an additional 0.5% to 1% over the standard rate at most Nepali banks.
- Is breaking an FD early allowed in Nepal?
- Yes, but you receive a reduced (penalised) interest rate for the completed period, often minus 1–2%, plus any flat fee in your FD contract.
- How often do FD rates change in Nepal?
- Banks revise FD rates monthly or whenever liquidity and NRB policy shift. Byajdar re-checks all 46 institutions daily so the comparison stays current.